Speed Changer Price in Mexico - 2023

Contents:

1. Speed Changer Price in Mexico (CIF) - 2023
2. Speed Changer Price in Mexico (FOB) - 2023
3. Speed Changer Imports in Mexico
4. Speed Changer Exports in Mexico

Speed Changer Price in Mexico (CIF) - 2023

In June 2023, the average speed changer import price amounted to $14,423 per ton, falling by -4.5% against the previous month. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 20% against the previous month. As a result, import price reached the peak level of $16,370 per ton. From May 2023 to June 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Japan ($25,042 per ton), while the price for India ($6,625 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Speed Changer Price in Mexico (FOB) - 2023

In June 2023, the average speed changer export price amounted to $12,481 per ton, growing by 7.9% against the previous month. Over the period under review, the export price enjoyed a modest expansion. The pace of growth was the most pronounced in March 2023 an increase of 1,009% against the previous month. As a result, the export price reached the peak level of $24,871 per ton. From April 2023 to June 2023, the the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In June 2023, the country with the highest price was Brazil ($17,107 per ton), while the average price for exports to the United States ($11,849 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Speed Changer Imports in Mexico

In 2022, the amount of speed changers, industrial high-speed drives and gear imported into Mexico expanded remarkably to 205K tons, growing by 10% on the previous year's figure. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, speed changer imports stood at $1.5B in 2022. The total import value increased at an average annual rate of +5.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 25% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Speed Changer to Mexico in 2022:

1. China (93.3K tons)
2. United States (75.0K tons)
3. South Korea (5.9K tons)
4. Italy (5.2K tons)
5. Japan (4.9K tons)
6. Germany (4.3K tons)
7. India (3.7K tons)

Speed Changer Exports in Mexico

Speed changer exports from Mexico surged to 49K tons in 2022, picking up by 20% against 2021 figures. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 84% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, speed changer exports expanded rapidly to $513M in 2022. In general, exports, however, continue to indicate a mild slump. The pace of growth appeared the most rapid in 2021 with an increase of 18%.

Top Export Markets for Speed Changer from Mexico in 2022:

1. United States (44.5K tons)
2. Brazil (1.9K tons)
3. China (1.1K tons)

Source: IndexBox Market Intelligence Platform